Hindsight Markets Recaps Small-cap stocks on September 22, 2026
STI, September 22: $11.00 at 4:40 a.m., then a fade to $6.85
STI opened up 10%, then faded below its open by the close.
What happened
Insider buying news
STI came in on insider-buying news from the day before. The CEO, the CFO and a board member bought shares. The official close that day was $7.26.
The spike to $11.00
The big move came before dawn. The first trades were at $9.18, well above the close.
At 4:40 a.m. it hit $11.00, the high so far. Later pushes stopped lower, at $9.89 and $9.79. By 7:06 it was at $7.96.
By 7:11, more shares had traded than the whole 2.69M float.
The open and the low
The open brought sellers. It opened at $7.99 and was $7.15 by 9:31, below the prior close.
Stop It's 10:13. STI is at $6.52. It held near $7.20 for a while, then fell hard from 9:57 on heavy volume and reached about $6.50 by 10:03. For the last ten minutes it has stayed in a tight range between $6.50 and $6.63, with less volume than during the drop. It is well below the $7.26 previous close and far under the $11.00 pre-market high. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:10 a.m. and stop at 10:13 a.m. ET for your call.
Here's what happened. It made the day's low of $6.45 a minute later. A small bounce reached $7.06 at 10:21, then volume dried up. It closed at $6.85.
What to take from it: The high came at 4:40 a.m., and by the open the move was already over.
Replay STI's day
It starts at 10:10 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:13 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap and fade. It gapped up 10.1% to $7.99 at the open and traded below the open by 4:00 p.m., at $6.85.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $7.26 | |
| 4:40 a.m. | Pre-market high, $11.00 | |
| 4:40 a.m. | High of the day to the close, $11.00 | |
| 7:11 a.m. | Volume since 4:00 a.m. passes the whole float, 2.69 million shares | |
| 9:30 a.m. | The open: $7.99, up 10.1% from the previous close | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $6.85, 37.7% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $7.26
- Open, 9:30 a.m.
- $7.99
- Gap at the open
- +10.1%
- Pre-market high
- $11.00 at 4:40 a.m.
- High, 4 a.m. to 4 p.m.
- $11.00 at 4:40 a.m.
- Low, 4 a.m. to 4 p.m.
- $6.45
- Close, 4 p.m.
- $6.85
- Change at 4 p.m.
- −5.6%
- After-hours high, 4 p.m. to 8 p.m.
- $7.06 at 6:38 p.m.
- Volume, 4 a.m. to 4 p.m.
- 3.90 million
- Volume after hours, 4 p.m. to 8 p.m.
- 49,171
- Relative volume by 8 p.m.
- 106.7×
- Float
- 2.69 million shares, from filings as of September 22, 2026
- Shares outstanding
- 8.51 million
- Volume, from the one-minute bars: 3.13 million shares before the 9:30 a.m. open (79%), 276,884 in the first 30 minutes (7%), and 547,968 in the rest of the day to 8 p.m. (14%).
- Float rotation, the volume since 4 a.m. against the float of 2.69 million shares: past it once at 7:11 a.m.
- In our recaps, this is the only day STI met the small-cap rule.
On the day's lists: the pre-market gappers, intraday runners. It is here because it met the small-cap rule on the pre-market gappers: price $2 to $20, up 10% or more, relative volume 5× or more, float under 20 million shares, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (none)
The exchange's halt feed shows no halts for STI that day.
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay STI on September 22, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.